Seven Lakes Snowmobile Club
Seven Lakes Snowmobile Club maintains strong financial health with growing assets and no liabilities.
EIN: 10945262 · E Wakefield, NH · NTEE: N31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $56K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400,000. |
| Net Assets | $413K |
| Transparency Score | 92/100 |
Is Seven Lakes Snowmobile Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seven Lakes Snowmobile Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seven Lakes Snowmobile Club
Seven Lakes Snowmobile Club (EIN: 10945262) is a nonprofit organization based in E Wakefield, NH, classified under NTEE code N31. The organization reported total revenue of $70K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seven Lakes Snowmobile Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seven Lakes Snowmobile Club is a micro nonprofit that has been operating for 16 years, with 4 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $56K |
| Surplus / Deficit | +$11K |
| Total Assets | $413K |
| Net Assets | $413K |
| Operating Margin | 16.3% |
| Months of Reserves | 89.1 months |
Financial Health Grade: A
In 2024, Seven Lakes Snowmobile Club reported a surplus of $11K with revenue exceeding expenses, holds 89.1 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2012–2024), Seven Lakes Snowmobile Club's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.8% | +50.2% | +16.8% |
| 2023 | +18.7% | +33.0% | -4.4% |
| 2022 | +114.4% | -15.8% | +145.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seven Lakes Snowmobile Club with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Seven Lakes Snowmobile Club allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for an organization of its size with assets over $400,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Seven Lakes Snowmobile Club:
- Strong and growing asset base, reaching $412,769 in 202406.
- Zero reported liabilities in recent filings, indicating excellent financial stability.
- 0% officer compensation, suggesting a highly volunteer-driven and efficient operation.
- Consistent positive net income in recent years, contributing to asset growth.
- Regular IRS 990 filings, demonstrating good transparency.
Frequently Asked Questions about Seven Lakes Snowmobile Club
Is Seven Lakes Snowmobile Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Seven Lakes Snowmobile Club (EIN: 10945262) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Seven Lakes Snowmobile Club spend its money?
Seven Lakes Snowmobile Club directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seven Lakes Snowmobile Club tax-deductible?
Seven Lakes Snowmobile Club is registered as a tax-exempt nonprofit (EIN: 10945262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seven Lakes Snowmobile Club CEO make?
Seven Lakes Snowmobile Club's highest-compensated officer earns $400,000. annually. The organization reported $70K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seven Lakes Snowmobile Club's spending goes to programs?
Seven Lakes Snowmobile Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seven Lakes Snowmobile Club compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Seven Lakes Snowmobile Club is above average for NTEE category N31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seven Lakes Snowmobile Club located?
Seven Lakes Snowmobile Club is headquartered in E Wakefield, New Hampshire and files with the IRS under EIN 10945262. It is classified under NTEE code N31.
How many years of IRS 990 filings does Seven Lakes Snowmobile Club have?
Seven Lakes Snowmobile Club has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $70K in total revenue.
Is Seven Lakes Snowmobile Club a good charity?
Based on its financial data, Seven Lakes Snowmobile Club appears to be a very good charity. It has strong financial health, growing assets, no liabilities, and a volunteer-led structure with 0% officer compensation, suggesting efficient use of funds for its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Assets have grown from $150,392 in 201206 to $412,769 in 202406, and it has consistently maintained zero liabilities in recent years, indicating strong financial management.
What is the trend in revenue and expenses?
Revenue has generally increased from $27,712 in 201206 to $66,414 in 202406, with some fluctuations. Expenses have also increased but have remained well below revenue in recent periods, allowing for asset growth.
Filing History
IRS 990 filing history for Seven Lakes Snowmobile Club showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2024), Seven Lakes Snowmobile Club's revenue has grown by 139.7%, moving from $28K to $66K. Total assets increased by 174.5% over the same period, from $150K to $413K. Total functional expenses rose by 68.2%, from $33K to $56K. In its most recent filing year (2024), Seven Lakes Snowmobile Club reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $66K | $56K | $413K | $0 | — | — |
| 2023 | $71K | $37K | $353K | $0 | — | — |
| 2022 | $59K | $28K | $369K | $0 | — | View 990 |
| 2012 | $28K | $33K | $150K | $35 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $66K, expenses of $56K, and assets of $413K (revenue -5.8% year-over-year).
- 2023: Revenue of $71K, expenses of $37K, and assets of $353K (revenue +18.7% year-over-year).
- 2022: Revenue of $59K, expenses of $28K, and assets of $369K (revenue +114.4% year-over-year).
- 2012: Revenue of $28K, expenses of $33K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seven Lakes Snowmobile Club:
Data Sources and Methodology
This transparency report for Seven Lakes Snowmobile Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.